Ford to cut production at five North American vehicle plants

The slide in auto sales is coming home to roost - this from July:

And now ...

  • Ford said it plans to idle five North American vehicle assembly plants
  • For a total of 10 weeks
  • To reduce inventories of slow-selling models
  • The plants affected include three assembly plants in the United States and two in Mexico

via Reuters

That'll catch the attention of the FOMC, won't it?

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